Charitable Remainder Unitrust: A Win Win

You can establish a charitable remainder unitrust by irrevocably transferring assets to a trustee who will then invest the trust’s assets and pay you and/or other beneficiaries an annual income. At the end of the trust’s term, the remaining balance will go to Loyola Academy.

A unitrust is a great vehicle for gifts of appreciated stock or property because the trust does not pay capital gains tax when it sells the asset. Also, upon establishing the trust, you can receive a current income tax deduction for a portion of the gift’s value.

For more information about the charitable remainder unitrust, or if we can answer any questions about the charitable aspects of your plans, please contact Tom Cramer at 847.920.2431.